Market opened gap up on Biden's win, though the win is probably expected since last week.
Price is going higher on momentum.
Overextended but it is difficult to call tops and you need skill to short such a market.
Price is above 1st resistance at 12270. We should get a pullback before going higher, targets above are 12428, 12502. In the event of FOMO buying, 12742 should cap high of day.
If 12158 breaks, look for shorts, targetting 12034, 11922-48 and 11858.11800 will safely cap lows of day
Price is going higher on momentum.
Overextended but it is difficult to call tops and you need skill to short such a market.
Price is above 1st resistance at 12270. We should get a pullback before going higher, targets above are 12428, 12502. In the event of FOMO buying, 12742 should cap high of day.
If 12158 breaks, look for shorts, targetting 12034, 11922-48 and 11858.11800 will safely cap lows of day
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.